Gazprom to construct new gas pipeline to Turkey

Ankara hosted a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Taner Yildiz, Turkish Minister of Energy and Natural Resources. The parties discussed the main issues of constructing a new gas pipeline across the Black Sea towards Turkey.

The meeting considered the preliminary feasibility study on the new gas pipeline and approved its new route. The four strings will have an aggregate capacity of 63 billion cubic meters a year. 660 kilometers of the pipeline's route will be laid within the old corridor of South Stream and 250 kilometers - within a new corridor towards the European part of Turkey.

Already on January 28 Gazprom will submit a notice requesting a conduct of FEED operations for the new Turkish offshore section. Gazprom will be solely responsible for the construction of the offshore section. Turkish gas transportation facilities will be built jointly. The project stakes will be distributed in the course of the future talks. Botas is approved to represent the Turkish party. Gazprom and Botas will develop the project schedule within 7 days.

New Chief Executive Officer of Aker EnergyFeb 23, 2018 Jan Arve Haugan has been appointed as Chief Executive Officer of the newly established oil company Aker Energy, effective 1 March 2018. Haugan is currently the President & CEO of Kværner ASA.